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A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. CDs require a minimum deposit and may offer higher ...
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A variable-rate CD — also called a flex CD — is a type of certificate of deposit with an interest rate that can fluctuate periodically over the term of the CD based on market conditions.
The Certificate of Deposit Account Registry Service (CDARS), was a US for-profit service that broke up large deposits (from individuals, companies, nonprofits, public funds, etc.) and placed them across a network of more than 3000 banks and savings associations around the United States.
A certificate of deposit typically offers a higher rate of return than a traditional savings account. Find out which type of CD might be right for you. Certificate of Deposit (CD): What It Is and ...
The biggest upside of a certificate of deposit is that your money will grow steadily at a guaranteed rate. ... For example, you might want to fund a vacation in a year or buy a car in two years ...
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.
IRA CDs are special certificates of deposit held within an IRA, offering tax-deferral benefits on the interest earned. They may have higher interest rates than regular CDs, as banks consider the ...